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you are jack welch. jack, you've got to take this opportunity while everybody is listening to you to actually say, yes, anderson, i'm taking that tweet back. i'm going to send a new tweet to say i was exaggerating. there are problems bls should look into but to throw out an accusation that's like asking the government how often do you beat your wife. >> i should have had a question mark at the back of it, ali, let's face it, but the facts, are ali, no matter how you want to look at this, we had 25 economists polled before this number came out. the average number they expected was about 115,000. not one of them -- >> yes. >> had a number below 1.1. >> labor secretary hilda so li s shot back at the critics telling cnn it was insulting for people to suggest her department was manipulating numbers for the president's benefit. >>> the obama and romney campaigns are ratcheting up the rhetoric in the wake of the jobs report. our political editor paul steinhauser hats candidate's comments. one set of numbers, tw
you are jack welch. jack, you've got to take this opportunity while everybody is listening to you to actually say, yes, anderson, i'm taking that tweet back. i'm going to send a new tweet to say i was exaggerating. there are problems bls should look into but to throw out an accusation that's like asking the government how often do you beat your wife. >> i should have had a question mark at the back of it, ali, let's face it, but the facts, are ali, no matter how you want to look at this,...
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welch. what does it say about the level of partisanship in the country? >> it says that the overhype of partisanship starts to rot people's brains. the theory is just -- we need a good name for this. i nominate job nutters. but this really is ridiculous. this is -- first things first, this is good news for the country. and, yes, it benefits the president because it adds to argument. it takes away the argument that unemployment rate's been over 8%. it's a positive sign for the country. and frankly, it gives the president a boost in the wake of a terrible debate performance. but bottom line, it's a sign that the trend is moving away from the debt sweep we've dealt with. >> let me pick up on that. we heard david kerley say some democrats are saying what debate? how much of a boost does it really give the president, given the lackluster nature of his performance the other night? >> it doesn't give the president a do-over. he still had a lousily first debate. that hurts. it hurts. it's not determ
welch. what does it say about the level of partisanship in the country? >> it says that the overhype of partisanship starts to rot people's brains. the theory is just -- we need a good name for this. i nominate job nutters. but this really is ridiculous. this is -- first things first, this is good news for the country. and, yes, it benefits the president because it adds to argument. it takes away the argument that unemployment rate's been over 8%. it's a positive sign for the country. and...
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>> forget what jack welch said. i'm talking about people who are trying to say that perhaps people have given up. and if you look into the numbers of the bureau of labor and statistics put out, the number of people who are discouraged and have given up has gone down in the past year by 235,000. and in the past four years, by over 400,000. that number is being skewed out there by those who want to say that the job numbers aren't what they appear to be. long-term unemployment is still very, very high, but those people are still looking. >> the u-6 number for those cognizant. >> coming up -- >> you're right. republicans are in the dumps. you're right. >> no, they're trying to pretend the numbers that they depend on when they're good in their camp. >> you can't have it all. >> are skewed. >> i don't know. if it continues this way, i think republicans can have it all. >> they're not. not going to have it all. >> coming up -- i'm so excited for what's happening later in the show. we're going to talk to chicago mayor rahm
>> forget what jack welch said. i'm talking about people who are trying to say that perhaps people have given up. and if you look into the numbers of the bureau of labor and statistics put out, the number of people who are discouraged and have given up has gone down in the past year by 235,000. and in the past four years, by over 400,000. that number is being skewed out there by those who want to say that the job numbers aren't what they appear to be. long-term unemployment is still very,...
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welch, former ceo of ge. here is what he said. >> well, and the last two months we have gone from 83-81. now we are going to 7.8% by changing the numbers assumptions. like. i don't know if -- what the right number is. i tell you, these numbers don't smell right when you think about where the economy is right now. gerri: gary, to you first. is the bls giving as ps? >> it is the bs. look. three months ago i said that even if we got newt we would be under 8% because the politics of it. we saw 30 days ago the fed announced a open ended printing of money to get asset prices up, and they say 50 days before election, this one is a joke. if you noticed anything about this number, the estimates of job gains came in the exact amount it was supposed to which should have kept it at 8.2%. the estimates, somehow we got to 7.8%, and the use the most of tiles survey, the household survey. gerri: we will get to that. >> 400,000. gerri: can these numbers be sai's? >> i don't think they can. we have had rumors of bls massaging
welch, former ceo of ge. here is what he said. >> well, and the last two months we have gone from 83-81. now we are going to 7.8% by changing the numbers assumptions. like. i don't know if -- what the right number is. i tell you, these numbers don't smell right when you think about where the economy is right now. gerri: gary, to you first. is the bls giving as ps? >> it is the bs. look. three months ago i said that even if we got newt we would be under 8% because the politics of it....
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jack welch said unbelievable job numbers. these chicago guys will do anything. can't debate so change numbers. let's get the second one up. the second theory proposed is from a conservative righter. i don't think bls cooked the numbers. i think a bunch of dems lied about getting job. that has the same effect. quickly, make your point. it's depressing to ask this question, but how can we be confident because the numbers are legit? >> you have to know something about the bureau of labor statistics. this is an institution with incredible statistical integrity in how they collect, analyze and report the data. this is an absolutely ludicrous claim. we shouldn't give it any oxygen. in fact, half the people who are saying they don't believe the numbers then start citing bls numbers to show other point they want to make. this agency has been reporting these data for decades. the security that goes around. i've been writing about this on my blog today to see the details about how they make sure there's no political bias in here. it's absolutely the case that any statisti
jack welch said unbelievable job numbers. these chicago guys will do anything. can't debate so change numbers. let's get the second one up. the second theory proposed is from a conservative righter. i don't think bls cooked the numbers. i think a bunch of dems lied about getting job. that has the same effect. quickly, make your point. it's depressing to ask this question, but how can we be confident because the numbers are legit? >> you have to know something about the bureau of labor...
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jack welch tweeted this moments ago. unbelievable jobs numbers. these chicago guys will do anything, can't debate so change numbers end quote. martha: hilda so liz says that that notion is lewd today rust. joined by chris wallace anchor of fox news sunday . good morning, chris. >> good to be with you. martha: what do you make about the backlash for this 7.8 number? >> it's understandable, because it's good news for president obama at a time when he very much needed it. the fact is that he had a bad debate, that his campaign was raoeulgs a reeling, is an overstatement but hit a serious pothole. and the talking point, which is that the unemployment rate under this president has been over 8% for 48 months, they can't say that any more. and obviously some romney supporters aren't happy about that. martha: whenever you look at the economic numbers i always wonder. obviously as you point out the president's detractors will try to mine mice the number and the president will build it up. it's down to everyone's individual economic reality. if it's true th
jack welch tweeted this moments ago. unbelievable jobs numbers. these chicago guys will do anything, can't debate so change numbers end quote. martha: hilda so liz says that that notion is lewd today rust. joined by chris wallace anchor of fox news sunday . good morning, chris. >> good to be with you. martha: what do you make about the backlash for this 7.8 number? >> it's understandable, because it's good news for president obama at a time when he very much needed it. the fact is...
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jack welch wrote, unbelievable job numbers. the chicago guys will do anything, can't debate? they'll change the numbers. >> it's lead yous to hear that statement. >> the secretary of labor denies any political motivation, saying the numbers are real. so while romney launches tv ads promising to do better than president obama. >> i have a detailed floon create 12 million new jobs. >> obama is celebrating this report. >> this country has come to far. >> a bench mark proves america is on the right track. >> economists say the number of new jobs being created is still not enough to significantly lower the unemployment rate. the next jobs report comes out four days before the election. danielle lee. >> 66 degrees at the airport. dining out can be tough on a budget. baltimore magazine has a list of the top 25 places to get a meal for under $40. if pumpkin spice latte your thing during the fall? could be out of luck. details on a possible pumpkin shortage after the break. >>> cold front's coming in. could generate a little rain. that's not tissue of this cold front. it's the cold pa
jack welch wrote, unbelievable job numbers. the chicago guys will do anything, can't debate? they'll change the numbers. >> it's lead yous to hear that statement. >> the secretary of labor denies any political motivation, saying the numbers are real. so while romney launches tv ads promising to do better than president obama. >> i have a detailed floon create 12 million new jobs. >> obama is celebrating this report. >> this country has come to far. >> a bench...
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doug we talked about a tweet from jack welch. did that ignite the controversy? >>reporter: the recovery surrounding friday's release of the unemployment numbers continues to swirl after jack welch, the respected former c.e.o. of g.e. treated "unbelievable jobs numbers. the chicago guys will do anything. can't debate? change numbers." facing criticism if the tweet he stuck by the criticism of the numbers. >> this number is made up of a whole mess of assumptions: who is participating, who is not working, who is trying for work, who has dropped out. it just begs the question. i think there ought to be a good discussion how this number is calculated. >>reporter: most analysts and the obama campaign are dismanage the criticisms as "without evidence." >> we wonder why institutions in this country are, the perception of institutions are failing, because people go on tv and make sufficient h stuff -- make stuff up. >> they had full charge of the first two years and the policies this president put into place actually made it worse, including the fact that obamacare is ta
doug we talked about a tweet from jack welch. did that ignite the controversy? >>reporter: the recovery surrounding friday's release of the unemployment numbers continues to swirl after jack welch, the respected former c.e.o. of g.e. treated "unbelievable jobs numbers. the chicago guys will do anything. can't debate? change numbers." facing criticism if the tweet he stuck by the criticism of the numbers. >> this number is made up of a whole mess of assumptions: who is...
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even jack welch said it, hard to reconcile these numbers. he tweeted, unbelievable jobs numbers. these chicago guys will do anything. can't debate so they change the numbers. that is harsh criticism. here with me is economist peter morici. which also have gary burtless, senior fellow? [no audio. what do you think. what a difference between the two surveys. peter, start with you. >> the bls is not cooking the numbers. i believe that. they don't do such a thing. there a anomalies. household survey counts self-employed people. a lot of people established home based business. they have been dissipating savings. that doesn't mean they're fully employed. to have 800,000 jobs created that would be 6% gain in employment in one month. that would be 135% rate per year, or some big number like that. that's crazy. on a compounded basis in economy growing only 1 1/2% a year. that's just silly. my feeling it is a lot of folks, home based businesses. pick up a little more here and there but they're not really fully employed. melissa: gary, do you think that what is going on? >> no, look the hou
even jack welch said it, hard to reconcile these numbers. he tweeted, unbelievable jobs numbers. these chicago guys will do anything. can't debate so they change the numbers. that is harsh criticism. here with me is economist peter morici. which also have gary burtless, senior fellow? [no audio. what do you think. what a difference between the two surveys. peter, start with you. >> the bls is not cooking the numbers. i believe that. they don't do such a thing. there a anomalies. household...
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jack welch tweeted, former cege, who kno -- ceo of ge, he says this is unbelievable. they're messing with the numbers. steve forbes, former gop presidential candidate, berkeley man himself, retweeted it and said, jack is right. and then there was this entire universe. i joked about it. you're out of your mind if you don't think these numbers were cooked. yesterday jack welch went on my colleague "chris matthews show" and this is what transpired. >> you put out the word here, unbelievable jobs numbers, fair enough. these chicago guys will do anything so they change the numbers. what evidence do you have that they got to the bos? the chicago guys got to the bureau of labor statistics and jimmied these numbers by .3%. >> i have no evidence, i just raised the question. >> you came out and asserted not a question mark or talked about a coincidence, you said these chicago guys will do anything so they change the numbers. do you want to take that back? jimmying with these numbers. there was corruption here, infiltration, getting to the -- it's not funny, jack. you're talking
jack welch tweeted, former cege, who kno -- ceo of ge, he says this is unbelievable. they're messing with the numbers. steve forbes, former gop presidential candidate, berkeley man himself, retweeted it and said, jack is right. and then there was this entire universe. i joked about it. you're out of your mind if you don't think these numbers were cooked. yesterday jack welch went on my colleague "chris matthews show" and this is what transpired. >> you put out the word here,...
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jack welch took a look at these numbers. remember, thereof a surge in employment like we haven't seen in 30 years that was announced on friday. jack welch says, unbelievable jobs numbers. these chicago guys will do anything, can't debate, so change numbers. do you think they changed the numbers? >> i do. i do. and i think that they did a lot of those -- a lot of monkey business. i'm telling you n a month and a half from now, they will do a readjustment like has been happening for the last year and a half. they will do a readjustment and the number will be 8.2 or more. again, the 8.2, it's not a real number because people that are out of work aren't considered unemployed. >> steve: we get that. but if you're making the allegation that this administration is monkeying with the numbers to make them look good, that is very damning. >> everyone knows he didn't want to lay off certain workers in certain categories and that's been well documented and well reported that he didn't want to lay off ctain workers in certain categories u
jack welch took a look at these numbers. remember, thereof a surge in employment like we haven't seen in 30 years that was announced on friday. jack welch says, unbelievable jobs numbers. these chicago guys will do anything, can't debate, so change numbers. do you think they changed the numbers? >> i do. i do. and i think that they did a lot of those -- a lot of monkey business. i'm telling you n a month and a half from now, they will do a readjustment like has been happening for the last...
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welch and others, have questioned them quite openly which most people find a little bit too far even by political gun slinging standards because these figures are widely accepted as being accurate. >> especially when they have to adjust them down, right, in the aftermath of earlier reports. >> also, assume the republicans were to win in november, they would be saying these figures are accurate when they come out under their watch. i think we should part that to one side. 7.8% is crucially under 8%. so whether barack obama wants to make too much of a big deal of this or not, the reality is it's removed one of the big sticks the republicans were beating him over the head about, which is hey, look, it's still over 8%. not anymore. >> right. as the president said today, we're moving in the right direction. we're not there yet but in the last year, we've seen that unemployment rate drop 1.2%. we haven't seen a drop like that in nearly 20 years. so that's good news. i think what it reflects is it's consistent with what we've seen in other polls recently that show there's an increasing sens
welch and others, have questioned them quite openly which most people find a little bit too far even by political gun slinging standards because these figures are widely accepted as being accurate. >> especially when they have to adjust them down, right, in the aftermath of earlier reports. >> also, assume the republicans were to win in november, they would be saying these figures are accurate when they come out under their watch. i think we should part that to one side. 7.8% is...
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jack welch suggested the obama administration manipulated the numbers. but on cnbc, labor secretary hilda solis called that claim "ludicrous" and defended the bureau of labor statistics. >> you know, i'm insult when i hear that, because we have a very professional civil service organization where you have top, top economists that work at the b.l.s. >> brown: the employment numbers landed as the campaigns put up new ads attacking each other on jobs and taxes. >> president obama says he's creating jobs. but he's really creating debt. the facts are clear. obama's four deficits are the four largest in u.s. history. he's adding almost as much debt as all 43 previous presidents combined. and over 30 cents of every dollar obama spends is borrowed, much of it from countries like china. he's not just wasting money; he's borrowing it and then wasting it. we can't afford four more years. >> why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because, according to experts, he'd have to raise taxes on the middle class, or i
jack welch suggested the obama administration manipulated the numbers. but on cnbc, labor secretary hilda solis called that claim "ludicrous" and defended the bureau of labor statistics. >> you know, i'm insult when i hear that, because we have a very professional civil service organization where you have top, top economists that work at the b.l.s. >> brown: the employment numbers landed as the campaigns put up new ads attacking each other on jobs and taxes. >>...
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jack welch has an opinion on this. >> he has a tweet being widely retweeted. i read from jack's certified twitter account. unbelievable job numbers. these chicago guys will do anything. can't debate so change numbers. >> okay. >> that's quite a charge. >> by jack and mark barnicle, we know jack. he's nonpartisan. >> not going there. he said that with a wink, right? >> i don't know. >> jack? >> let me tell you something seriously. these numbers don't add up. they just don't. again, i've got no dog in the fight here as far as the numbers go. >> you want them to be good. >> we all want them to be good. my dad was unemployed. i always, you know, conservatives always get angry at me when i cheer good economic news. but mike these numbers don't add up. it doesn't make sense it would drop to 7.8% with a weak participation rate and anemic number of jobs added. >> look, i am totally unqualified to weave my way through these. >> same here. >> i'm totally unqualified. i do know this though. these new unemployment numbers while offering promise and hope to a lot of people
jack welch has an opinion on this. >> he has a tweet being widely retweeted. i read from jack's certified twitter account. unbelievable job numbers. these chicago guys will do anything. can't debate so change numbers. >> okay. >> that's quite a charge. >> by jack and mark barnicle, we know jack. he's nonpartisan. >> not going there. he said that with a wink, right? >> i don't know. >> jack? >> let me tell you something seriously. these numbers...
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we were just talking about this tweet from jack welch. he tweeted, unbelievable numbers. the chicago guys will do everything. can't debate the numbers. it is lighting up the tweet sphere. >> there was a huge 873,000 increase in the household survey exceeding the 418 in the labor force. a lot of these numbers, is there wiggle room? there's assumptions, right? >> there's a lot of wiggle room. they're calling up people on the phone. who knows who answers the phone? nowadays you have cell phones and you're not going to answer the phone at home. my phone won't be answered because you'll say that's some weird person polling me. >> although some would say how come it goes and not above. that is volatile. >> because of that, don't trust the number like that. steve had the right answer. he was averaging on ten months and now it was his forecast that was easy. >> and to be honest with you, if i was going to manipulate them
we were just talking about this tweet from jack welch. he tweeted, unbelievable numbers. the chicago guys will do everything. can't debate the numbers. it is lighting up the tweet sphere. >> there was a huge 873,000 increase in the household survey exceeding the 418 in the labor force. a lot of these numbers, is there wiggle room? there's assumptions, right? >> there's a lot of wiggle room. they're calling up people on the phone. who knows who answers the phone? nowadays you have...
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. >> former white house press secretary robert gibbs today also touched on the jack welch tweet. >> you wonder why institutions in this country are the perception of institutions in the country are failing because people go on tv and make stuff up. ask for the evidence and he said he had none. >> we continue to make progress. 31 consecutive months of private sector job growth. certainly we are not where we want to be. >> many analysts who combed through the unemployment data released attribute the decline to a big increase in part-time work. people looking for full-time jobs unable to find them and they are settling for part-time jobs. there were some 582,000 new part-time jobs created last month. the bureau of labor statistics categorizes the number as "part time for economic reasons." not exactly a vote of confidence in the state of the economy, shannon. >> shannon: all right, doug. a lot more on the numbers. we will break them down later with ben stein, well known economist and author and humorist as well. we might need a little bit of that. thank you, doug. is the lower unemployment
. >> former white house press secretary robert gibbs today also touched on the jack welch tweet. >> you wonder why institutions in this country are the perception of institutions in the country are failing because people go on tv and make stuff up. ask for the evidence and he said he had none. >> we continue to make progress. 31 consecutive months of private sector job growth. certainly we are not where we want to be. >> many analysts who combed through the unemployment...
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this is "the washington post" -- this comes from the story you probably heard about jack welch yesterday. there is the math and statistics. we want to get your reaction. tell us your job status as well as it currently stands. the phone numbers will be on your screen. you can also reach out via social media. can i ask your job status? caller: right now i am disabled. host: how long is that? . caller: one year. host: tell us a little bit about your current situation and your reaction to 7.8% unemployment figure. caller: i have three torn ligaments in my shoulder. host: are you getting disability. disability caller: yes. . host: what type of work do you do? are you pursuing some kind of work that does not require physical labor? caller: i am going to school. . host: for what? . caller: a want to be a technician. host: what type of technician? caller: a mechanic. host: quaker town, pennsylvania, good morning. caller: glad to get through again. this has to do, when you talk about work or work ethic, today is the day that we set aside -- i called last year and talked to susan on october 6 last
this is "the washington post" -- this comes from the story you probably heard about jack welch yesterday. there is the math and statistics. we want to get your reaction. tell us your job status as well as it currently stands. the phone numbers will be on your screen. you can also reach out via social media. can i ask your job status? caller: right now i am disabled. host: how long is that? . caller: one year. host: tell us a little bit about your current situation and your reaction to...
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jack welch, he went to as far to suggest that the numbers may be manipulated by the obama administration. do you think that the numbers add up? >> i think the suggestion that the numbers was cooked is relatively ridiculous. that being said. economists at the labor department will admit freely that there is a lot of margin of error in these numbers. a month after each job report these numbers are revised upward or downward. the question of the number came out of the household survey, 800,000 plus number, there is a lot of margin for error, possibly as much as 400,000. that is admitted by folks within the labor department, as well. i think you can't get too hung up on the overall numbers because typically these are revised upward or downward. that tends to happen a month later when we stop paying attention. >> heather: what will the numbers do in terms of swaying voters' opinions, specifically undecided voter? do you expect to see a change in the polls as a result of this? >> it's a tough question. i generally think the jobs reports do not move as much of opinion of voting public with the
jack welch, he went to as far to suggest that the numbers may be manipulated by the obama administration. do you think that the numbers add up? >> i think the suggestion that the numbers was cooked is relatively ridiculous. that being said. economists at the labor department will admit freely that there is a lot of margin of error in these numbers. a month after each job report these numbers are revised upward or downward. the question of the number came out of the household survey,...
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the idea that someone like jack welch could go on television and single-handedly embarrass himself by saying that somehow these statistics are made up? it is incredibly dangerous. we wonder why institutions in this country, while the perceptions of them are failing, because people are making these things up. as for the evidence? he said that he had none. host: that was robert gibbs talking on "meet the press" yesterday. we have 15 more minutes taking your calls on what you want to hear from the mitt romney at foreign-policy address later this morning. staying on foreign policy, ryan is on the line from amarillo, texas. caller: i wanted to talk about the function of a iran. there are more sanctions on this country, and we already have problems with them. we want to police these countries to make them hate us even more? it could lead to another war. i want to see mitt romney talked about what we could do to have these countries help us, rather than causing more problems. host: let's go out to atlanta, georgia. independent line. joe, go ahead. caller: in my opinion, mitt romney is a nake
the idea that someone like jack welch could go on television and single-handedly embarrass himself by saying that somehow these statistics are made up? it is incredibly dangerous. we wonder why institutions in this country, while the perceptions of them are failing, because people are making these things up. as for the evidence? he said that he had none. host: that was robert gibbs talking on "meet the press" yesterday. we have 15 more minutes taking your calls on what you want to...
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i hear from jack welch and everyone, even though we lost, nothing like any of us have ever seen. >> plus singing "ole, ole, ole." >> thank you. >>> when we come back, we have sam zell unveiling where he sees opportunities right now. stick around. we'll be right back. [ horn honks ] hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's better for xerox to help manage their finance processing. so they can focus on keeping the world moving. with xerox, you're ready for real business. and those well grounded. for what's around this corner... and the next. there's cash flow options from pnc. solutions to help businesses like yours accelerate receivables, manage payments, and help ensure access to credit. because we know how important cash flow is to reaching your goals. pnc bank. for achiever in you. >>> finding opportun
i hear from jack welch and everyone, even though we lost, nothing like any of us have ever seen. >> plus singing "ole, ole, ole." >> thank you. >>> when we come back, we have sam zell unveiling where he sees opportunities right now. stick around. we'll be right back. [ horn honks ] hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is...
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. >> peter: and interesting 7.8% number, economists and jack welch, where did this come from, the raw numbers put out and a disconnect. >> clayton: we have to look the at revised numbers a few months later and maybe find out in december what the true number was or were in september. but we have new numbers out of ohio. the all important battle ground state of ohio where president obama has been leading significantly there. in recent polls, well not significantly, but 5 or 4 points accord to go what karl rove was talking about, 49-50%. and looking at virginia, and there mitt romney has pulled ahead of president obama 49-48% within the mar begin of error, but definitely experiencing a debate bounce. and speaking of which, let's talk about the money they have been able to raise because this plays into how people are feeling after the debate as well. in just the 48 hours since the debate, mitt romney has been able to raise 12 million dollars online and just staggering numbers. >> peter: at the same time, the president announced that they raised 181 million dollars in september, about 1.8
. >> peter: and interesting 7.8% number, economists and jack welch, where did this come from, the raw numbers put out and a disconnect. >> clayton: we have to look the at revised numbers a few months later and maybe find out in december what the true number was or were in september. but we have new numbers out of ohio. the all important battle ground state of ohio where president obama has been leading significantly there. in recent polls, well not significantly, but 5 or 4 points...